## Miran Vows to Uphold Fed Independence
Stephen Miran, President Trump’s nominee for a Federal Reserve Governor position, is set to face the Senate Banking Committee. He has pledged to maintain the central bank’s independence and its dual mandate of price stability and maximum employment. Here’s a quick rundown of the key points:
- **Commitment to Independence:** Miran emphasized the importance of the Fed’s independence in preventing economic crises.
- **Dual Mandate Focus:** He reiterated his commitment to the Fed’s core responsibilities: price stability and maximum employment.
- **Temporary Role:** Miran is filling a term vacated by Adriana Kugler, which expires January 31, 2026.
- **Background:** Miran has been critical of the Fed’s actions during the COVID-19 crisis.
- **Oversight Concerns:** Miran raised questions about the Fed’s activities beyond its dual mandate, including its balance sheet.
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